FOR IMMEDIATE RELEASE: September 5, 2006
FOR MORE INFORMATION: Maria Hatzikonstantinou
Steve Burke (703) 683-5004
Washington Redskins All-Pro Greats Darrell Green and Brian Mitchell Join Visa to Tackle Financial Literacy at Capitol Hill ‘Kick-Off’ Event
National Launch of Interactive “Financial Football” Game That Helps Young Adults Cross Real-Life Money Goal Line
Washington, DC – September 5, 2006 – Visa USA, the NFL and PLAYERS INC today kicked off the start of the 2006-2007 NFL season by playing a different type of football – financial football. At the event, Washington Redskins All-Pro Greats Darrell Green and Brian Mitchell joined Visa to introduce Members of Congress and Congressional staff to an interactive, money management game called “Financial Football.” This educational computer game will play a central role in an upcoming seventeen city Visa campaign to promote financial literacy in high schools across the country.
“Learning the fundamentals of money management at an early age gives young people a real advantage in meeting their own financial goals,” said Darrell Green. “Managing money and finances is a vital life skill, and one that that is best learned before high school graduation.”
“It takes the combined efforts of parents, teachers and community leaders to give young adults a strong background in personal financial management,” said Brian Mitchell. “By working together, we are preparing them to make wise financial decisions for a lifetime.”
The increased need to focus on early and continuous financial education was underscored with the April 2006 release of the U.S. Treasury Department’s National Strategy for Financial Literacy. The Strategy, entitled "Taking Ownership of the Future: The National Strategy for Financial Literacy," was developed by the Financial Literacy and Education Commission which Congresswoman Judy Biggert (R-IL-13) helped establish.
“Progress in financial education is best accomplished when public sector, business and local school leaders find new ways to play on the same team,” said Representative Biggert, Co-founder and Co-chair of the House Financial and Economic Literacy Caucus. “The Visa-NFL Partnership is a great example of how we can get kids to focus on financial learning while having fun at the same time. The lessons taught through ‘Financial Football’ will help students on the path to financial success.”
“Financial Football” can be played online at www.practicalmoneyskills.com and combines the structure and rules of the NFL with financial education questions of varying difficulty. To score points, a player needs to answer money-related questions correctly. And, just like in the NFL, penalties can cost a team yardage. The player with the highest point total after four quarters wins the game. Last year was the inaugural season for this national effort by Visa, the NFL and PLAYERS INC to get students engaged and excited about their financial futures. During these events, NFL players work with high school students, in their local markets, to provide them with basic financial literacy training.
“Visa is proud of its long-standing commitment to financial education, and greatly appreciates the assistance we received today from Representative Biggert, Darrell Green and Brian Mitchell as well as from other Members of Congress,” said Rhonda Bentz, vice president, Visa USA. “We take great pride in our NFL sponsorship, which is enabling us to work with so many talented players to give students the tools, resources and encouragement they need to become more financially literate.”
“Financial Football” is part of Practical Money Skills for Life (www.PracticalMoneySkills.com), a comprehensive financial literacy program – available in English, Spanish and Chinese – that teaches young adults personal finance skills.
This free educational resource provides teachers with lesson plans (kindergarten-college) mapped to their state education requirements, as well as teacher guides, overheads, instructional videos and CD-ROMs. For students, there are interactive games and calculators designed to teach responsibility and important concepts such as earning, saving, and budgeting money.
About Visa USA
Visa USA is the nation's leading payment brand and largest payment system, enabling banks to provide their consumers and business customers with a wide variety of payment alternatives tailored to meet their evolving needs. Visa USA is committed to increasing the choice, convenience, acceptance, and security of Visa payments for all stakeholders in the payment system - Members, cardholders and merchants. Through its 13,420 Member financial institutions, more than 488 million Visa-branded cards have been issued to cardholders in the United States. Last year, U.S.-based financial institutions relied on Visa's processing system, VisaNet, to facilitate $1.3 trillion in transactions with unparalleled reliability.
Worldwide, cardholders in over 150 countries carry more than 1 billion Visa-branded cards, accounting for more than $3 trillion in annual transaction volume.
Visa offers a trusted, reliable and convenient way to access and mobilize financial resources - anytime, anywhere, anyway.
For more information or to schedule an interview with a Visa USA spokesperson, please contact Maria Hatzikonstantinou (ext. 131) or Steve Burke (ext. 108) at (703) 683-5004.
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